Driven Brands/ICWG acquires TLC Express

TLC Xpress was acquired by Driven Brands on Nov 18, 2019.

Deal Overview
Purchase Date
November 18, 2019
Primary State
North Carolina
Sites Bought
Deal Value
Transaction Synopsis
  • International Car Wash Group (ICWG) has successfully acquired TLC Xpress Car Wash, a seven-site, family owned chain in NC.
  • “North Carolina has been on the radar for quite some time. We are very excited to bring these seven carwash sites into the ICWG family,” said Jeff Maize, senior vice president, acquisitions, ICWG. “The owners —a mother and son team — have built a very strong brand, and we are proud that they have selected ICWG to keep their legacy alive.”
  • All TLC Xpress sites will be rebranded as Car Wash USA Express, one of the largest express carwash businesses in the South.
Market Significance

The acquisition of TLC Xpress provides ICWG a good foothold in this mid-sized market of North Carolina’s sixth-largest city and the opportunity to build on well-established community and employee relationships.

Client Impact
Management Commentary